Published On: Tue, Jun 21st, 2016

Dwindling oil revenue: ‘Nigeria can withstand effects with agriculture’

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By Doyin Ojosiptor to enable

Ireland’s Minister of Agriculture, Food and Marine, Mr. Simon Coveney has said that Nigeria has the capacity to survi8ve in the face of dwindling oil revenue.

Nigeria which is a home to about 170 million people has mostly depended on sale of crude oil at the international market.

However, the fall in price of crude oil, coupled with soaring corrupt practices by its leaders and politi9cians have lead the country to a near economic shut down, leaving most of its citizens in hardship.

The Irish Minister of Agriculture therefore urged the Nigerian Government to engage and invest fully in the agricultural sector as it has a huge capacity to help the Country withstand the economic hard weather.

He said, “The fact is that agriculture can employ more people than the oil sector once given the right type of attention. The country is blessed with resources that are the envy of the world, and that is why we are partnering with Nigeria to render assistance in technical capacity and areas that will help agriculture grow in the country.”

Coveney who spoke in a forum in Lagos at the weekend recalled how Ireland, had been in hardship while it engaged fully in agriculture.

“There was a time, Ireland didn’t have the capacity to feed itself, and the economy was so bad but after we prioritized agriculture as a key element capable of making a difference, things changed, today, we can feed a population ten times ours,” he added.

 

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